| PXD latest price $126.3600 (4.13%) ($121.3000 - $128.4600) on Wed. Jan. 6, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.9% (three month average) |
RSI | 60 |
Latest Price | $126.3600(4.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | PXD advances 2.7% a day on average for past five trading days. |
Weekly Trend | PXD advances 1.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support PXD advance at 0% a week (0% probability) OIH(76%) XLE(74%) XOP(71%) USO(51%) IWD(48%) |
Factors Impacting PXD price | PXD will decline at least -1.95% in a week (0% probabilities). VIXM(-24%) UUP(-21%) TLT(-15%) BNDX(-10%) VXX(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.95% (StdDev 3.9%) |
Hourly BBV | 1.1 () |
Intraday Trend | 3.2% |
| |
|
|